Co-founder of TutoringZone files counterclaim

Published: Friday, August 23, 2013 at 4:59 p.m.

Last Modified: Friday, August 23, 2013 at 4:59 p.m.

The co-founder of TutoringZone has filed a counterclaim to a lawsuit that seeks to prevent him and his wife from wiping out their debts to investors through personal bankruptcy.

Four separate investors sued Matthew and Larina Hintze, saying the $440,000 these investors are owed from personal loans should not be forgiven because Hintze misrepresented his financial situation to secure the loans and later shifted the assets of his tutoring company to another investor to keep them from collecting on those assets.TutoringZone continues to operate under that investor’s ownership.

The counterclaim filed Aug. 15 says Hintze disclosed all outstanding debts to the investors and that he shifted the assets to the other investor to keep the business afloat after they refused to help.

The counterclaim also accuses two of the investors of driving the business to insolvency while they served as managers and another of criminal acts and civil infractions designed to benefit a competing business.

The Hintzes are seeking damages through the counterclaim.

Their attorney Jeff Childers previously said he expects additional depositions and motions in the case, ending in a trial.

<p>The co-founder of TutoringZone has filed a counterclaim to a lawsuit that seeks to prevent him and his wife from wiping out their debts to investors through personal bankruptcy.</p><p>Four separate investors sued Matthew and Larina Hintze, saying the $440,000 these investors are owed from personal loans should not be forgiven because Hintze misrepresented his financial situation to secure the loans and later shifted the assets of his tutoring company to another investor to keep them from collecting on those assets.TutoringZone continues to operate under that investor's ownership.</p><p>The counterclaim filed Aug. 15 says Hintze disclosed all outstanding debts to the investors and that he shifted the assets to the other investor to keep the business afloat after they refused to help.</p><p>The counterclaim also accuses two of the investors of driving the business to insolvency while they served as managers and another of criminal acts and civil infractions designed to benefit a competing business.</p><p>The Hintzes are seeking damages through the counterclaim.</p><p>Their attorney Jeff Childers previously said he expects additional depositions and motions in the case, ending in a trial.</p>